RPM'S Tremco Completes Acquisition of Illbruck Sealant Systems

Published on 2005-09-01. Author :
SpecialChem

MEDINA, Ohio -- RPM International Inc. (NYSE: RPM -
News) announced that its wholly owned subsidiary, Tremco Incorporated,
has completed the acquisition of privately owned Illbruck Sealant Systems,
located in Leverkusen, Germany, for approximately $137 million, including
net debt assumption of approximately $10 million, subject to certain post-closing
adjustments. The acquisition agreement was announced July 25, 2005 and
the customary European approvals have since been obtained.

Illbruck, with sales of approximately $190 million, is
a leading manufacturer of innovative, high-performance sealants and installation
systems for pre-fabricated construction elements and for window and door
applications. Illbruck systems are highly specified throughout Europe
and are sold primarily to professional window and door applicators and,
to a lesser extent, to D-I-Y retailers. Illbruck's product line includes
joint sealing tapes, flashing tapes, cartridge sealants and adhesives,
strips, foils and accessories marketed under leading brand names such
as illbruck, Festix, Perennator and Coco.

"This acquisition significantly advances us toward
our corporate goals of $500 million in sales in Europe and an elevated
global profile for our businesses," said Frank C. Sullivan, RPM's
president and chief executive officer. "As part of our Tremco Group,
Illbruck will bring combined sales for all RPM businesses operating in
Europe to approximately $440 million. When integration is complete in
fiscal 2007, we expect Illbruck to initially contribute three to five
cents per share."

Illbruck operates production facilities in Germany, the
United Kingdom, Belgium and the Netherlands and maintains sales offices
in Germany, France, the United Kingdom, Belgium, the Czech Republic, Poland
and Russia.

RPM International Inc., a holding company, owns subsidiaries
that are world leaders in specialty coatings and sealants serving both
industrial and consumer markets. RPM's industrial products include roofing
systems, sealants, corrosion control coatings, flooring coatings and specialty
chemicals. Industrial brands include Stonhard, Tremco, illbruck, Carboline,
Day-Glo, Euco and Dryvit. RPM's consumer products are used by professionals
and do-it-yourselfers for home maintenance and improvement, automotive
and boat repair and maintenance, and by hobbyists. Consumer brands include
Zinsser, Rust-Oleum, DAP, Varathane, Bondo and Testors.

This press release contains "forward-looking statements"
relating to the business of the company. These forward-looking statements,
or other statements made by the company, are made based on management's
expectations and beliefs concerning future events impacting the company
and are subject to uncertainties and factors (including those specified
below) which are difficult to predict and, in many instances, are beyond
the control of the company. As a result, actual results of the company
could differ materially from those expressed in or implied by any such
forward-looking statements. These uncertainties and factors include (a)
the continued strength of RPM businesses in Europe, (b) the price and
supply of raw materials for the company's European operations, (c) successful
integration of the Illbruck business into Tremco operations, (d) the effect
of fluctuations in currency exchanges rates upon the company's foreign
operations, and other risks detailed in the company's other reports and
statements filed with the Securities and Exchange Commission, including
the risk factors set forth in the company's prospectus and prospectus
supplement included as part of the company's Registration Statement on
Form S-4 (File No. 333-114259), as the same may be amended from time to
time. RPM does not undertake any obligation to publicly update or revise
any forward-looking statement to reflect future events, information or
circumstances that arise after the date of this release.